stLouISTBank Crisis Reveals Numerous Federal Reserve Failures
Bad financial supervision, a panicky response, and now the Fed has created a trigger policy for more inflation.
Prospect
Behind the Venture Capitalist Bailout
Financial expert Daniel Davies explains why Silicon Valley Bank imploded.
The Case for a Banking Public Option
Every individual and business should get the same Federal Reserve account benefits that banks enjoy.
The Reputational Casualties of SVB’s Collapse
Today on TAP: Silicon Valley libertarianism, every congressional Republican, 50 congressional Democrats—and why are some still sitting on the banking committees?
The Economy Could Not Exist Without Government
The Silicon Valley Bank collapse exposes a reality that rich people would prefer to ignore.
There Are Worse Things Than Mild Inflation
A shaky banking system, for one. A failure to comprehend how the climate crisis raises prices, for another. Will the Fed continue to compound the damage?
The Filthy Emissions of Railroad Locomotives—and the Rail Unions Sounding the Alarm
Diesel engines have gotten a sweetheart deal from environmental regulators. It’s time that changed.
The Crypto Shell Game
Today on TAP: What if the assets backing cryptocurrencies are as volatile as crypto itself?
The Silicon Valley Bank Bailout Didn’t Need to Happen
The debate over protecting all deposits in a blink looks past the incompetence that got us here.
Rising Democratic Tumult Over Israel
A series of communications last week show the fault lines, and pitfalls, in dealing with an increasingly illiberal Israeli government.
Fossil Fuels Are a Clear and Present Danger to National Security
Joe Manchin has protecting America exactly backwards.
President Biden Should Get Rid of Trump Holdovers
When a president attempts a coup, his lackeys ought to be purged from federal service.
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Conservative Witness Admits Potential Chaos From CFPB Court Case
The witness said that the Supreme Court finding CFPB’s funding unconstitutional ‘could result in significant problems throughout the financial system.’
Sunsetting Racial Justice in the Sunshine State and Florida-izing the Nation
How Florida’s anti-diversity legislation may be a model for the Supreme Court
Reclaiming Black Trauma
Once a spectacle produced by and for white people, Black artists and entertainers now present it on their own terms.
Intuit’s Top Lobbying Firms Are Also Major DSCC Bundlers
Congress is set to receive a report on how the IRS can streamline the tax filing process after lobbyists for Intuit bundled millions for the Senate Democrats’ campaign arm.
Michigan Rights Wrong, Beginning the Repeal of ‘Right to Work’
Today on TAP: A newly Democratic state government votes to restore some democracy in the workplace.
Do Generations Matter?
Prospect co-founder Paul Starr and staff writer Lee Harris discuss the question.
The Government Does a Bad Job Assessing Toxic Exposures
The history of the captured federal agencies that reassure the public after chemical disasters should give East Palestine residents pause.